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Indian tax authorities are scrutinizing foreign portfolio investors (FPIs) from Mauritius, requesting their tax residency certificate (TRC) applications to verify substance. This move aims to check potential treaty benefit abuse, like zero tax on pre-April 2017 stock gains. The I-T department seeks details on office space, employees, and assets in Mauritius.

Technical analysis suggests a continued uptrend for Nifty, though high volatility indicated by India VIX warrants caution. Crossing 23,058 could strengthen the bullish outlook. Analysts recommend accumulating stocks corrected from 52-week highs, focusing on high dividend-yield options and outperformers.

While agrochemical demand remains subdued due to unfavourable weather conditions and crop price pressures, fertilizers are benefiting from structural advantages, making them the preferred pick.

Bankers seem to prefer the Standing Deposit Facility (SDF) because the window operates beyond market hours, between 5:30 PM and 11:59 PM, while call money market shuts at 5.00 PM, treasury executives said.

Fairfax-backed CSB Bank saw FPI holdings rise by 800 basis points to 13.07% in FY25. Amansa Holdings and Ashoka Whiteoak India Opportunities Fund were the top buyers.

Despite global trade concerns, Nifty closed the last week with gains. Analysts anticipate market volatility due to global cues, US tariffs, and Q4 earnings. Key results this week include ICICI Lombard, Infosys, and HDFC Bank. Immediate Nifty support is at 22,300. India VIX fell. FIIs were net sellers, while DIIs bought shares. The Rupee strengthened against the dollar.

Dr Reddy s has denied the workforce reduction claims. "We categorically deny the claim of a 25% workforce cost reduction and the other claims mentioned in the said news article," the company said.

HDFC Life is seen posting 12-15% APE growth with a 100 basis points drop in VNB margin on a year-on-year basis, while ICICI Prudential s APE may stay flat with a 50 basis points margin squeeze and Axis Max Life may see a 200 basis points drop despite 10-14% APE growth. SBI Life s margin could fall 50 bps, while LIC stands out with a strong 18% VNB margin. LIC s APE could fall 10-12%.

Although credit trends in segments like unsecured personal loan and credit card are plateauing because a large pool of stressed loans are recognised, microfinance exposures are likely to continue experiencing stress, analysts and fund managers said.

Three out of four options contracts bought Friday were for more euro gains, according to data from the Depository Trust & Clearing Corporation. Traders say hedge funds are targeting a move to $1.20. And strategists at Mizuho International see rising odds that the currency hits that level-the highest since mid-2021-in the coming months.